ABA CREATION
ActiveSummary
The computed 12-month bankruptcy probability of ABA CREATION is 3.5% (moderate). The 2024 annual accounts show negative equity (-€26,000) and a net result of -€25,846. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 26040 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.99 in 2023; short-term debt: 152% and cash: 0.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-60.1%
Return on assets
-59.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€26,000
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
26 d late
2021
31 d late
2020
30 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€26,000▼ 16,789%
2023 · -€154
Total assets
€43,247▲ 50.2%
2023 · €28,800
Net result
-€25,846▼ 402%
2023 · -€5,153
Working capital
-€22,500▼ 5,633%
2023 · -€392
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,204▼ 134%€10,516€967▼ 90.8%-€4,804-€25,282▼ 426%
Net result-€8,449▼ 135%€10,212€579▼ 94.3%-€5,153-€25,846▼ 402%
Equity-€5,791€4,420€4,999▲ 13.1%-€154-€26,000▼ 16,789%
Total assets€12,965▲ 62.1%€16,017▲ 23.5%€27,298▲ 70.4%€28,800▲ 5.5%€43,247▲ 50.2%
Debt€18,757▲ 251%€11,597▼ 38.2%€22,298▲ 92.3%€28,954▲ 29.9%€69,247▲ 139%
Working capital-€6,479€3,493€4,417▲ 26.4%-€392-€22,500▼ 5,633%
Staff (FTE)0.5=1▲ 100%1=2.7
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,282 in 2024 against €4,804 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€25,044▼
2023 · -€4,460
Cash flow
-€25,608▼
2023 · -€4,809
Solvency
-60.1%▼
2023 · -0.5%
Current ratio
0.66▼
2023 · 0.99
Debt to equity
-2.66
ROA
-59.8%▼
2023 · -17.9%
Interest coverage
-106.86▼
2023 · -19.47
Debt ≤ 1 year
€65,747▲
2023 · €28,954
Income taxes
€330▲
2023 · €120
Staff costs
€90,403▲
2023 · €53,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,500 | €3,500 | - | - | - |
| Remuneration, social security and pensions62 | - | €24,484 | €33,151 | €53,839 | €90,403 | ▲ 67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €917 | €793 | €344 | €344 | €238 | ▼ 30.7% |
| Other operating charges640/8 | - | €462 | €638 | €491 | €2,077 | ▲ 323% |
| Gross operating margin9900 | €5,782 | €36,254 | €35,100 | €49,870 | €67,437 | ▲ 35.2% |
| Operating profit (loss)9901 | -€8,204 | €10,516 | €967 | -€4,804 | -€25,282 | ▼ 426% |
| Financial income75/76B | - | €0 | - | €0 | €0 | ▼ 95.8% |
| Recurring financial income75 | €51 | €0 | - | €0 | €0 | ▼ 95.8% |
| Financial charges65/66B | - | €243 | €245 | €229 | €234 | ▲ 2.3% |
| Recurring financial charges65 | €237 | €243 | €245 | €229 | €234 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | -€8,390 | €10,273 | €722 | -€5,033 | -€25,516 | ▼ 407% |
| Income taxes67/77 | €59 | €61 | €143 | €120 | €330 | ▲ 174% |
| Profit (loss) for the period9904 | -€8,449 | €10,212 | €579 | -€5,153 | -€25,846 | ▼ 402% |
| Profit (loss) for the period to be appropriated9905 | -€8,449 | €10,212 | €579 | -€5,153 | -€25,846 | ▼ 402% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,965 | €16,017 | €27,298 | €28,800 | €43,247 | ▲ 50.2% |
| Fixed assets21/28 | €688 | €927 | €583 | €238 | - | - |
| Tangible fixed assets22/27 | €688 | €927 | €583 | €238 | - | - |
| Furniture and vehicles24 | - | €927 | €583 | €238 | - | - |
| Current assets29/58 | €12,278 | €15,091 | €26,715 | €28,562 | €43,247 | ▲ 51.4% |
| Amounts receivable within one year40/41 | €8,626 | €11,786 | €26,660 | €28,466 | €42,223 | ▲ 48.3% |
| Trade receivables40 | - | €9,229 | €21,048 | €24,307 | €41,827 | ▲ 72.1% |
| Other amounts receivable41 | - | €2,557 | €5,613 | €4,159 | €396 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €3,652 | €3,305 | €6 | €96 | €250 | ▲ 161% |
| Deferred charges and accrued income490/1 | - | - | €49 | - | €774 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,965 | €16,017 | €27,298 | €28,800 | €43,247 | ▲ 50.2% |
| Equity10/15 | -€5,791 | €4,420 | €4,999 | -€154 | -€26,000 | ▼ 16,789% |
| Contributions10/11 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Capital10 | - | - | €6,250 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €12,350 | - | - | - |
| Profit (loss) carried forward14 | -€12,041 | -€1,830 | -€1,251 | -€6,404 | -€32,250 | ▼ 404% |
| Amounts payable17/49 | €18,757 | €11,597 | €22,298 | €28,954 | €69,247 | ▲ 139% |
| Amounts payable within one year42/48 | €18,757 | €11,597 | €22,298 | €28,954 | €65,747 | ▲ 127% |
| Trade debts44 | €9,303 | €6,328 | €10,981 | €14,422 | €31,176 | ▲ 116% |
| Suppliers440/4 | - | €6,328 | €10,981 | €14,422 | €31,176 | ▲ 116% |
| Taxes, remuneration and social security45 | - | €4,163 | €11,318 | €14,532 | €34,571 | ▲ 138% |
| Taxes450/3 | - | €3,789 | €4,480 | €7,891 | €16,304 | ▲ 107% |
| Remuneration and social security454/9 | - | €374 | €6,837 | €6,641 | €18,267 | ▲ 175% |
| Other amounts payable47/48 | - | €1,106 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,500 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,449 | €10,212 | €579 | -€5,153 | -€25,846 | ▼ 402% |
| + Depreciation and write-downs630 | €917 | €793 | €344 | €344 | €238 | ▼ 30.7% |
| Operating cash flow (approximation) | -€7,533 | €11,005 | €923 | -€4,809 | -€25,608 | ▼ 432% |
| Investment in fixed assets (approximation) | - | -€1,032 | €0 | €0 | - | - |
| Change in cash | - | -€346 | -€3,300 | €90 | €154 | ▲ 70.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€25,846
Net result drops to -€25,846, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €10,212
Net result €10,212 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2018
Ground area
644 m²
Building footprint
400 m²
Volume, LiDAR
5,354 m³
2 parcels, Brussels · tallest building 21.7 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
ABA CREATION
since 20182.282.067.035
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/02A006 | Brussels | 459 m² | 1 · 215 m² | 21.7 m · 7 fl. |
| 21001A0599/00S010 | Brussels | 185 m² | 1 · 185 m² | 13.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 1002.565.472
Roosdaal · Eq €4,866
CYCLES DEGEEST
BE 1025.812.315
Jodoigne · Eq €5,236
SD Commerce
BE 0772.353.293
Pelt · Eq €5,291
Cycles Theys
BE 0756.473.405
Sombreffe · Eq €5,316
Of 1,465 companies in sector 47632 we hold annual accounts for 733. 158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701639602
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.